MAGNUM TRADING CORPORATION, MUMBAI V. ITO WARD - 20(2)(2), MUMBAI

MA 118/MUM/2016

• Counselvise Citation: [2017] 124 COUNSELVISE.COM (IT) 5475 (ITAT-MUMBAI)
• Duration Of Justice: 8 month(s) 7 day(s)
• Appeal Type: Miscellaneous Application
• Pronouncement Date: 03-02-2017
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: J
• Assessment Year: 2006-2007
• Appeal Filed On: 26-05-2016
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Assessee Lawyers: PARESH SHAH

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL, MUMBAI BENCH J, MUMBAI BEFORE SHRI R.C. SHARMA, ACCOUNTANT MEMBER AND SHRI SANJAY GARG, JUDICIAL MEMBER MA NOS.118 & 119/M/2016 (ARISING OUT OF ITA NOS.7413/M/2007 & 1860/M/2010 D ATE OF DECISION: 07.06.2013) ASSESSMENT YEARS: 2004-05 & 2006-07 M/S. MAGNUM TRADING CORPORATION, 22, JAISWAL BHUVAN, M.G. ROAD, MULUND (WEST), MUMBAI-400 080 PAN: AAAPM3521G VS. AAYAKAR BHAVAN, MAHARSHI KARVE MARG, MUMBAI - 400020 (APPELLANT) (RESPONDENT) PRESENT FOR: ASSESSEE BY : SHRI PARESH SHAH, A.R. REVENUE BY : SHRI TUFAIL A. KHAN, D.R. DATE OF HEARING : 03.02.2017 DATE OF PRONOUNCEMENT : 03.02.2017 O R D E R PER SANJAY GARG, JUDICIAL MEMBER: THE PRESENT ARE MISCELLANEOUS APPLICATIONS FOR RECT IFICATION OF COMMON ORDER DATED 07.06.2013 OF THE TRIBUNAL RELEVANT TO ASSESSMENT YEARS 2004-05 & 2006-07. 2. THE LD. A.R. OF THE ASSESSEE HAS STATED THAT APP EALS WERE FILED, AGAINST THE ORDER OF THE TRIBUNAL DATED 07.06.2013, BEFORE THE HONBLE BOMBAY HIGH COURT BY THE REVENUE. HE HAS FURTHER MOVED AN APPL ICATION DATED 03.02.2017 STATING THAT IN VIEW OF THE DECISION OF THE HONBLE BOMBAY HIGH COURT ON ISSUES SIMILAR TO THAT RAISED IN THESE MAS, THE PRE SENT MAS FILED BY THE ASSESSEE BE TREATED AS WITHDRAWN. IN VIEW OF THE A BOVE, BOTH THE MISCELLANEOUS MA NOS.118 & 119/M/2016 M/S. MAGNUM TRADING CORPORATION 2 PETITIONS ARE HEREBY DISMISSED AS WITHDRAWN. ORDER PRONOUNCED IN THE OPEN COURT ON 03.02.2017. SD/- SD/- (R.C. SHARMA) (SANJAY GARG) ACCOUNTANT MEMBER JUDICIAL MEMBER MUMBAI, DATED: 21.02.2017. * KISHORE, SR. P.S. COPY TO: THE APPELLANT THE RESPONDENT THE CIT, CONCERNED, MUMBAI THE CIT (A) CONCERNED, MUMBAI THE DR CONCERNED BENCH //TRUE COPY// [ BY ORD ER DY/ASSTT. REGISTRAR, ITAT, MUMBAI.